Common Contracts

1 similar Custodial Fund Agreement contracts

BALL STATE UNIVERSITY CUSTODIAL FUND AGREEMENT
Custodial Fund Agreement • June 7th, 2013

As Custodian of this fund, I understand and agree that I am responsible for the safeguarding of the fund and I hereby accept responsibility for the protection and proper use of the fund. I understand that I will be held personally liable for fund losses, except loss by theft that is promptly reported and does not involve my negligence or misconduct. I further understand and agree that: (i) all legal restrictions which apply to other University disbursements apply to this fund; and (ii) the fund shall be used only for approved University purchases. I will submit written justification for the continued need for these funds on an annual basis to the Director of Accounting in the Ball State Office of Accounting.